BUYER DASHBOARD
While no two deals are ever the same, the process follows a somewhat predictable path. Most of this information will always be shared with you over a phone call or in person, but because there is so much of it - and my goal is always to create simple and elegant systems that make my clients feel empowered and informed - I've created this checklist as a tool I hope you find helpful as we proceed through the home buying journey together.
-
Pink will take you to forms or presentations I've created that offer deeper insight.
-
Blue will take you to blank Colorado Commission of Real Estate approved forms so you can get an idea of what you will be signing.
-
Green takes you to other websites that I think might be helpful
-
Orange allows you to email or make a call as appropriate throughout the process.
The Process
GET PRE-APPROVED
-
Learn about lending requirements, credit score, ratios, & more
-
Get referrals for potential mortgage brokers & interview them
-
Gather & submit all required documentation
-
Apply online & decided what you can afford to pay monthly
-
Obtain a pre-approval letter & send to your agent, Erin Rose
PARTNER WITH AN AGENT
-
Review Ideal Home inventory: Active, Pending, Sold
-
Review Recent Market Statistics
-
Review & Sign Definitions of Working Relationships
-
Review the Home Buyer Closing Cost Net Estimate Sheet
-
Sign the Exclusive Right to Buy Contract
FIND YOUR NEW HOME
-
Download the Home Search App
-
Favorite any homes you like with a 'heart'
-
Refine the list & nix homes you don't want to tour
-
Schedule home touring day(s) with the agent
-
Decide on your dream home
MAKE AN OFFER & NEGOTIATE
-
Discuss terms, price, and dates with the agent: Decision Worksheet
-
See Vendor Directory > select a Title Company & Read Info
-
Review & sign the Contract to Buy & Sell Real Estate
-
Deliver $ and obtain Earnest Money Receipt
-
Review Counter Offer -if applicable
UNDER CONTRACT
-
See Vendor Directory > select an Insurance Agent
-
Send proof of Home Insurance to your lender
-
Review Seller’s Property Disclosure
-
See Vendor Directory > select Home Inspection(s) & Read Info
-
General Inspection
-
Radon Inspection
-
Sewer Scope
-
Other:
-
-
Review Lead-Based Paint Info / Brochure
-
Review Radon Info /
-
Review & sign all disclosures
-
-
Lead-Based Paint Disclosure -1978 & prior
-
LIV Wire Fraud Disclosure
-
If IVA Loan: discuss property condition requirements
-
-
Discuss Inspection Objection with the agent
-
Agree to Inspection Resolution or withdraw Insp. Obj.
-
Confirm with Lender: ok to order a 3rd party appraisal
-
Review title work ordered by your agent
-
Confirm closing date and possession date
-
Certify funds for closing / or wiring information
-
3 Days Prior to Closing: Finalized home loan rates
-
Review the final Settlement Statement from the Title Company
-
Reconfirm closing date/time/location
BEFORE YOU CLOSE
-
Transfer funds for closing if necessary
-
Reserve a moving company
-
Confirm that all Inspection items were resolved
-
Schedule the final property walk-through
-
SECURELY Wire funds to Title Company
CLOSING DAY: WHAT TO BRING
-
A printed confirmation of your wire transfer
-
Government-issued photo ID(s)
-
Social Security number(s)
-
Home addresses from the last 10 years
-
Proof of Homeowner's Insurance
-
Your checkbook, even if you are wiring money
CLOSING DAY
-
Schedule at least 2 hours (1 hour min on average)
-
Sign all Documentation
-
Title transfers /deeds delivered
-
Confirm Title company will transfer the water bill
-
Get your keys - congrats, it's all yours!
-
Call Xcel (or other): Gas & Electric > transfer into your name.
POST-CLOSING
-
See Vendor Directory > Rekey the property
-
Watch for refunds for escrowed utility funds
-
Save all mail/packages received addressed to previous owners & forward or alert your agent to pick them up.